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529 College Savings Plan Calculator

Almost everyone can use a little help when it comes to saving for their children’s college education. The College Board® estimates1 the average four-year bill (for college tuition and fees) will reach $134,600 for private colleges and $39,400 for public universities.

Our College Savings calculator can estimate the potential growth of your college investments when you invest in a state-sponsored 529 College Savings plan.

The results and explanations generated by this calculator may vary due to user input and assumptions. For a more detailed financial analysis, click on the Contact an Agent button and a local New York Life agent will call you.

New York Life Insurance Company does not guarantee the accuracy of the calculators, results, explanations, nor applicability to your specific situation. Calcululator results are hypothetical, based on assumptions which you choose. We recommend that you use this calculator as a guideline only.

1Based on average tuition and fees for 2014-2015, assumed to increase 5% annually.

Savings and Assumptions

Initial investment amount ($)

Annual savings amount: ($)

Number of years contributions are made:

Before-tax return on savings: (%)

Marginal tax bracket: (%)

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